RAWALPINDI (APP) - Members of Rawalpindi Chamber of Commerce and Industry (RCCI) and business community have expressed mixed views over the budget 2008-09 terming it balanced but said despite their proposal the GST has been increased by 1 percent. President of RCCI Ch. Abdul Rauf termed the budget 2008-09 a balanced budget, saying keeping in view the economic challenges faced by the government, adding efforts have been made to give relief to the people belonging to different segments of the society. He expressed these views while addressing the post-budget seminar at RCCI here on Sunday. The post-budget seminar was attended by a large number of members of business community, the former presidents and office bearers of RCCI also. The seminar was conducted by the vice president of the chamber Raja Aamir Iqbal. Ch. Abdul Rauf was of the opinion that government instead to make reduction in the General Sales Tax (GST) made 1 % increase in it, against the suggestions of the different Chambers of commerce, which are the representative bodies of the traders and business community saying this increase would cause artificial flow of money and trend of inflation in the country. He was of the view that it was imperative for the government and need of the hour to give boost to the industry by offering incentives and abolishing duties on the raw material in the spirit to help reduce production cost, promote the industry and to enhance our exports, saying but no worth mentioning incentives have been offered to the industry sector, he added.  The RCCI President also criticised the imposition of 10 percent tax on more than Rs 20,000 electricity bills. He opined that enhancement in exports was the only way to reduce trade deficit, saying it was essential for us to move towards this sector on emergency basis. Ch. Abdul Rauf also criticized the increase of withholding tax on Bank's transaction saying this would affect dealing through the banks. The RCCI President appreciated the setting up of income support funds; however, he differed with its method of operation. He was of the view that instead of providing Rs 1,000 monthly to the needy and deserving families, there should be programme to support these families to start their own small business to be able to earn their livelihood themselves instead of remain burden and looking towards financial assistance forever, he added. He also appreciated the increase of duties on the imports of unnecessary items, but termed the allocations insufficient reserved for the education and health sectors. Ch. Abdul Rauf hailed government decision for reducing duty on CNG buses to zero percent, but decision for ban on new CNG stations shows contradiction in government policies, he opined. On the occasion Abdul Basit in his address reviewed in detail the comparison of amendments made in the Companies ordinance and also apprised the audience about the disparities in these amendments. Muhammad Idrees in his address threw light on laws relating to the income tax. He also analysed and made comparison of the central excise duties being imposed on different goods. Hafiz said that 90 percent depreciation has been offered in the first year of establishment of new Industry. Syed Tauqeer Bukhari expressed his observation and reservations over 1 percent increase on General Sales Tax and tried to portray the situation which could be emerged due to this increase in the sales tax, he also termed the new sales tax forms impractical.